Ten high-level executives under investigation
Updated: 2014-12-26 07:22
Title: chairman of Wison Engineering Service
Hua Bangsong, chairman and controlling shareholder of Wison Engineering Service, is under arrest by Chinese public security authority over alleged bribery activity.
A recent announcement reveals that authorities believe Hua of offering unlawful advantages to Wison's customers and conspiracy to commit a tender-offer fraud.
"Following an investigation into the shareholding of the company, there is no evidence to show that Hua is connected to Zhou Bin or that he holds any shares on behalf of any other person," said Wison, in an announcement clarifying the connection between Hua and Zhou Yongkang's son.
Hua Bangsong, founder and chairman of Wison Engineering Services, poses for photos at a press conference in Hong Kong, Sept 15, 2012. [Photo/IC]